Appeal Your Rates Now Or Lose Five Years Rebate?

The rates in relation to your property were compiled under the rating list that was issued on the 1st April 2010.  The original proposal was that there would be a review of rates every five years and therefore the assessment should have been adjusted in April 2015, however following the last election, the coalition Government delayed the reassessment until April 2017.

Why Lodge a Rating Appeal Now?

All rating appeals which are lodged prior to the 31st March 2015 will be back-dated until the 1st April 2010 and therefore when successful, a rebate will be triggered reflecting the overpayment of rates which had taken place for the last five years.

What Happens If I Miss The Date?

From 1st April 2015 the appeal system changes and any rating appeals lodged after this date will only provide a rebate back to the 1st April 2015 and therefore the five previous years of rate savings will be lost.

How Do I Know I am Overpaying Rates?

Under the current rating system, the rateable value should relate to the letting value of the property as at the 1st April 2008 and therefore it is necessary to look at the tone of value which existed at that time in order to check that the rates were originally assessed at the correct level.

Why Appoint Impey & Company?

Impey & Company is a practice of chartered surveyors based in the centre of Stockport.  For over 40 years, the practice has provided specialist advice to local businesses and has detailed knowledge of the Stockport market.

As rates are assessed on a local level, it is of fundamental importance when checking the correct assessment that a local specialist is appointed.

Should I Automatically Appeal My Rates?

No.  In our experience, it is important that you should not automatically appeal rates without fully reviewing the implications.  The action of lodging a rating appeal invites the District Valuer to inspect the property so that they can reassess the rates that may be applicable.  If you have carried out alterations or improvements, these items may not in fact be rated and as a result, we have experienced a number of situations whereupon companies have been approached by a so called rating specialist who has simply lodged an appeal which has resulted in the rates liability going up rather than down.

It is therefore important that the correct advice is obtained on day one.

What Do I Do Next?

Contact Impey & Company Rating Department.  Norman Benton MRICS is a rating specialist and will be able to provide advice in relation to the procedure and will carry out an initial appraisal.

We make an initial charge of £200 plus vat in order to carry out a desktop appraisal to advise in relation to rating matters.  If Impey & Company is appointed to proceed with the rating appeal, we would make a charge either based on a time-spent or on an incentivised basis reflecting the savings, which are obtained.  Individual fee structures will be agreed once the full review has been completed.

For further information as to how we can help,  please contact  Norman Benton MRICS        

0161 477 0444